Member Info for smudge104

One more thing for you to bear in mind, if you had 2 million cash warrants you paid a discount for at 2 p, wouldn’t you sell them now at 7 bag, would you sell them at 25bag, yes of course you would, if they weren’t diluted by 10, what your all thinking is they could have bagged 2p for 50p. At the top that was 2p at 10 consolidation so 20p, you sell at 40p that’s 4p old money, we are sat at 15p old money that’s 3p, that’s where we are, no 700 million shares in issue, there are caveats and the brave WOULD BUY THERE CASH OPTIONS NOW, they aren’t are they, why not

Because there’s too little gain to put cash in the share at 1.6p, I believe they’ve extended the conversion for 6 months, why, because they need time to see the business and profit, this share is currently worth 4p, imo, which is 40p new money, I’m holding a insignificant amount as its aim, but I’m following and will comment as and when both sides are valid with reasoned debate

Ok, and my last point to mr 31000 posts, can you post where the facts are on this post

made the point that the raising of money at 2p per warrant was on condition that the warrant conversion price per share (2p) was on post consolidated shares. smoke and mirrors, which is why many were confused with what was taking place

The conditions posted are the conditions posted, including a consolidated share

So please share with this esteemed group where you gained this knowledge, that will help a lot

Know idea where this share will land, don’t really care, but aim is full of bandits, not intended at anyone, it generally is, mgt cannot be trusted, neither can bulletin boards

This must have happened, note point 3 in particular

The Equity Fundraise is conditional on the following conditions being satisfied on or before 30 April 2025:

(i) The Company convening a general meeting within 21 business days of the date of the warrant instrument to approve:

a. share authorities to enable the full and unconditional exercise of the Warrants (subject to the relevant terms of the warrant instrument); and

b. a share capital reorganisation by consolidating every ten ordinary shares into 1 new ordinary share.

To the one that shouts, read the prospectus, then point to us where the is a dispensation to the fundraising, this will enlighten us to your obvious distaste for facts

Stage 2: Equity Fundraise

Pursuant to Stage 2, the Company has entered into a warrant instrument and has received conditional subscription letters from investors introduced by MavDB Consulting LLC ("MavDB") totalling £4.4 million. The Equity Fundraise is conditional upon, amongst other matters, shareholder approval at a general meeting. A further announcement with details in respect of the general meeting will be notified in due course. The material terms of the Equity Fundraise are set out below.

· The Equity Fundraise is structured as prepaid warrants and ordinary, standard cash warrants. Each warrant, on exercise, entitles each subscriber to one new fully paid ordinary share in the capital of the Company.

· In return for their prepayment of an aggregate of £4.4 million (excluding the CLN), each subscriber under the Equity Fundraise is entitled to receive prepaid warrants ("Prepaid Warrants") in the Company exercisable at a fixed price of 2p per warrant along with two attaching cash warrants ("Cash Warrants"), also exercisable at 2p per warrant (the Prepaid Warrants and the Cash Warrants together the "Warrants") as set out in the schedule in the Appendix below. The Cash Warrants are exercisable for a period of six months from the date of grant and, if exercised, would bring in substantial additional proceeds to the Company (see Appendix).

· The Equity Fundraise is conditional on the following conditions being satisfied on or before 30 April 2025:

(i) The Company convening a general meeting within 21 business days of the date of the warrant instrument to approve:

a. share authorities to enable the full and unconditional exercise of the Warrants (subject to the relevant terms of the warrant instrument); and

b. a share capital reorganisation by consolidating every ten ordinary shares into 1 new ordinary share.

I came here by accident, here’s my take, and why it could rise, caveat emptor I know lirrle about the current situation only what I read.

The deal was proposed under certain condions as stated 31st January, including share consolidation

Fast forward to the April 11th announcement

Further to the announcement of 31 January 2025, Metals One (AIM: MET1), which is advancing strategic minerals projects in Finland and Norway, is pleased to announce that all conditions in respect of the Equity Fundraise have been satisfied and the Equity Fundraise has completed.

ALL CONDITIONS MET, THAT INCLUDES CONSOLIDATION OF SHARES, I would suggest the 10 for 1 consolidation caught traders by surprise who jumped the train by the rapid conversion price let’s face it it went from from 2 to 20 rapidly.

Now if is the case you will see coversion over 20 p although there is some detail of a 20% discount to the retail price so say 14p currently, around par for the current sp, but they have 3 mil more in the bank.

In short I believe minimum conversions under current sp but you will get some who have averaged their selling, I think in the coming days kudos will be with the met1 board, I have a position here, but not life changing.

One thing I would say, and with no restrictions, if you had the chance to sell 700 million shares into a bull share at 50p in a fictitious ramp you’d be long gone, and secondly if you owned more than 3% capital like the big 5 you are obliged to report your reductions, BY LAW, good luck all, there may well be warrant sellers selling what they bought at 20% discount of 2 p I.e 1.6 at a factor of 10 so 16p to protect their paid for warrants and exercise them later, it’s called a free carry……

Goodnight from me

This was completed around here

The Equity Fundraise is conditional on the following conditions being satisfied on or before 30 April 2025:

(i) The Company convening a general meeting within 21 business days of the date of the warrant instrument to approve:

a. share authorities to enable the full and unconditional exercise of the Warrants (subject to the relevant terms of the warrant instrument); and

b. a share capital reorganisation by consolidating every ten ordinary shares into 1 new ordinary share.

(ii) The entry into a 24-month consulting agreement, in agreed form, by the Company and MavDB for business development and support services totalling £2 million, which is being deducted from the proceeds of the CLN and the Equity Fundraise.

250k bought 😂

Well, some funds came available, went to buy and you would think you could buy under the offer…but no, full offer wanted, decisions decisions, may leave it a bit see what happens today, but a cheeky T20 is in order

Not concerned by the drop, to be honest it needed to come back a bit if we bounce from here I would bet 6p becomes the support and a higher low, next leg up will be double figures and I don’t think it’s far away, off for a week of sun now, quite content to hold, would add more but due to other commitments I’m fundless 😂

Gold breaching $3400oz we really should be ticking up……

Buying a touch under 8p bargain with what’s coming, could drop anytime

AG I wish I had more funds

Another 96000 buy again reported after close,

And the wait continues, can’t see why the drop, been way more buys than sells of late

Think we’ll have a blue day tomorrow,

Level 2 looking better, 3 vs 1 so one mm left at 8.5 next stop 9p

Google directors talk

latest interview from yesterday

https://www.***************************/cora-gold-sanankoro-s-smarter-flow-sheet-sets-the-stage-for-scalable-low-cost-gold-production-video/4121198970

AG, agreed on that, usually on news like this we will get an interview of sorts putting a bit more meat on 5he bone, so eyes peeled for that

Enhanced project economics coupled with higher gold prices this share is a no brainier

More great news from Cora!

Looks like another 2 buys late reported from Friday for total 300000 so the accumulation goes on